Situation

With strong historical growth and a differentiated clinical model, Vera has a significant opportunity to become the leading provider of on-site healthcare services to self-funded employers.

In order to take advantage, of this opportunity, the Company required additional capital to fund new clinic openings, and the operational expertise of an experienced healthcare services investor to rapidly scale across the nation.

Cascadia Process

Vera engaged with Cascadia to run a 3-month capital raising process.

Cascadia executed an efficient targeted process, exposing management only to leading institutional healthcare investors with aligned strategy and values, resulting in a competitive process with multiple term sheets.

The Company closed a $24 million growth equity investment from a consortium of investors, led by Leerink Transformation Partners.